Knife River Corporation (NYSE:KNF) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its stake in Knife River Corporation by 5.8%, owning approximately 0.25% of the company with a total value of $12.54 million.
• Knife River's quarterly earnings report showed a loss of ($1.21) earnings per share, which missed the analysts' consensus estimate of ($0.89), despite a revenue increase of 7.3% compared to the previous year.
• Several analysts recommend a "buy" rating for Knife River stock, with target prices ranging up to $129.00, reflecting positive expectations for the company's performance.

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Knife River Corporation (NYSE:KNF - Free Report) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,034 shares of the company's stock after buying an additional 7,600 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of Knife River worth $12,542,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Capital Research Global Investors lifted its stake in shares of Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after purchasing an additional 603,170 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Knife River by 830.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after acquiring an additional 983,223 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Knife River by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock worth $105,121,000 after acquiring an additional 17,234 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Knife River by 3.7% during the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after acquiring an additional 34,747 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of Knife River by 4.3% during the 4th quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock worth $92,140,000 after acquiring an additional 37,431 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KNF. DA Davidson decreased their price target on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Royal Bank Of Canada began coverage on Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on Knife River from $114.00 to $96.00 and set an "overweight" rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River presently has an average rating of "Buy" and an average target price of $114.17.

Knife River Trading Down 0.4%

KNF traded down $0.29 during trading on Tuesday, hitting $81.71. 98,330 shares of the stock were exchanged, compared to its average volume of 526,567. The firm has a 50 day simple moving average of $85.24 and a 200 day simple moving average of $91.98. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.24 and a beta of 0.63. Knife River Corporation has a 1 year low of $67.22 and a 1 year high of $108.83. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.49 and a current ratio of 2.94.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The company had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a return on equity of 12.83% and a net margin of 6.18%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.84) earnings per share. As a group, equities analysts expect that Knife River Corporation will post 4.11 EPS for the current year.

Knife River Company Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.